Nevada Residential Property Disclosure Form and Statutes

This document is the Nevada Real Estate Division's Seller Real Property Disclosure Form, outlining Nevada Law that mandates sellers of residential property disclose known conditions materially affecting value or use. It details specific systems, structural elements, land conditions, and environmental factors requiring disclosure, along with instructions for the seller to complete the form accurately and fully. The form also includes excerpts from Nevada Revised Statutes (NRS) Chapter 113, which define key terms like "defect" and "residential property," clarify seller and agent responsibilities for disclosure, specify exemptions to the disclosure requirement, and enumerate purchaser remedies for non-disclosure or delayed disclosure, including rescission or monetary recovery. This comprehensive document ensures transparency in real estate transactions by informing buyers of potential issues and outlining the legal obligations and protections for both sellers and purchasers in Nevada.